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Fertiliser Marketing News
Organic Fertilizer Market to Reach USD 15,994.2 Million by 2034 Amid Growing Demand for Organic Food Items Worldwide | Future Market Insights, Inc.
NEWARK, Del., July 19, 2024 /PRNewswire/ -- The global organic fertilizer market size is anticipated to reach a value of around USD 15,994.2 million by 2034 from USD 8,764.3 million in 2024. The market is projected to showcase a CAGR of about 6.2% in the forecast period from 2024 to 2034.
Increasing concerns about the environmental impact of synthetic fertilizers are estimated to propel organic fertilizer demand in the forecast period. Government bodies are set to conduct awareness campaigns among farmers and consumers to provide in-depth knowledge of the harmful effects of synthetic chemicals in fertilizers. Hence, sales of natural fertilizers that are free from toxic chemicals are likely to surge across the globe.
The commercialization and creation of novel fertilizer products worldwide are anticipated to bode well for the market. Leading companies are set to help address specific agricultural needs with the help of innovation. The launch of fortified fertilizers that blend both nutrients and natural minerals will likely provide more targeted and efficient nutrient profiles.
Source: https://www.prnewswire.co.uk/